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Predictions--4+ Years Later
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Kary L. Krismer, "Krismer"
Real Estate Agent
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http://mysite.verizon.net/vodkajim/housingbubble/
Boston--they said no. Median price then about $340,000, now about $390,000.
San Francisco--they said yes. Median price then about $500,000, now about $750,000.
Naples FL--they said maybe. The site I'm using doesn't have the data for that--someone else will need to provide it.
Detroit, they said yes. Again, the site I'm using doesn't have the data.
Seattle--they said yes. Median price then about $230,000, now about $375,000.
Colorado Springs, they said maybe. Again no data.
Of the ones they said yes on, only Detroit probably proved right. The other two were up about 50%.
The one they said no on, was only up about 15%.
I don't know what went into making their predictions, but it was presumably a lot more than what most of those here put into making their predictions.
Predicting real estate prices is nearly impossible. The NAR proves that year after year.
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